Fourth Quarter 2022 EPS Estimates for Netflix, Inc. (NASDAQ:NFLX) Cut by Jefferies Financial Group

Netflix, Inc. (NASDAQ:NFLX – Get Rated) – Stock analysts at Jefferies Financial Group lowered their fourth-quarter 2022 earnings-per-share estimates for Netflix stock in a research note issued Wednesday, September 7. Jefferies Financial Group analyst A. Uerkwitz now forecasts the Internet TV network to earn $1.83 per share in the quarter, down from his previous estimate of $2.07. The consensus estimate for Netflix’s current full-year earnings is $10.03 per share. Jefferies Financial Group also released estimates for Netflix’s fiscal 2023 earnings at $10.92 EPS.

Netflix (NASDAQ:NFLX – Get Rating) last announced its earnings results on Tuesday, July 19. The Internet TV network reported earnings per share of $3.20 for the quarter, beating analyst consensus estimates of $2.96 by $0.24. The business had revenue of $7.97 billion during the quarter, compared with analyst estimates of $8.03 billion. Netflix had a net margin of 16.42% and a return on capital of 30.07%. The company’s quarterly revenue increased 8.6% compared to the same quarter last year. During the same period last year, the business earned $2.97 EPS.

Several other brokerages have also recently weighed in on NFLX. Truist Financial lowered its price target on Netflix stock from $300.00 to $210.00 and set a “hold” rating on the company in a report on Thursday, June 30. Citigroup lowered its price target on Netflix stock from $295.00 to $275.00 and set a “buy” rating on the company in a report on Thursday, July 7. BMO Capital Markets lowered its price target on Netflix stock from $405.00 to $365.00 and set an “outperform” rating on the company in a report on Thursday, July 14. Benchmark downgraded Netflix shares from a “hold” rating to a “sell” rating and set a $157.00 price target for the company. in a report on Tuesday, June 14. Ultimately, UBS Group lowered its price target on Netflix shares from $355.00 to $198.00 and set a “neutral” rating on the company in a report on Friday, July 15. Six analysts have given the stock a sell rating, twenty-four have given a hold rating, and thirteen have given the stock a buy rating. According to MarketBeat data, the stock has a consensus rating of “Hold” and an average price target of $318.65.

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Netflix trades up to 4.8%

NASDAQ:NFLX opened at $228.96 on Thursday. The firm has a debt-to-equity ratio of 0.75, a current ratio of 1.05, and a quick ratio of 1.05. The company has a market cap of $101.82 billion, a P/E ratio of 20.35, a P/E/Growth ratio of 1.52, and a beta of 1.34. Netflix has a one-year minimum of $162.71 and a one-year maximum of $700.99. The company has a fifty-day moving average price of $216.52 and a 200-day moving average price of $251.64.

Institutional investors weigh in on Netflix

Large investors have recently made changes to their positions on the stock market. Core Alternative Capital increased its holdings in Netflix by 76.5% in the fourth quarter. Core Alternative Capital now owns 60 shares of the internet television network valued at $36,000 after purchasing an additional 26 shares during the period. Continuum Advisory LLC increased its holdings in Netflix by 0.7% in the fourth quarter. Continuum Advisory LLC now owns 3,872 shares of the Internet television network valued at $1,461,000 after purchasing an additional 26 shares during the period. IPG Investment Advisors LLC increased its holdings in Netflix by 1.2% in the fourth quarter. IPG Investment Advisors LLC now owns 2,200 shares of the Internet television network valued at $1,326,000 after purchasing an additional 27 shares during the period. Rehmann Capital Advisory Group increased its holdings in Netflix by 1.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,399 shares of the Internet television network valued at $1,445,000 after purchasing an additional 30 shares during the period. Finally, Syquant Capital Sas increased its stake in Netflix by 4.5% during the first quarter. Syquant Capital Sas now owns 700 shares of the internet television network worth $262,000 after purchasing an additional 30 shares during the period. 75.52% of the shares are owned by hedge funds and other institutional investors.

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About Netflix

(Get rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and mobile games in various genres and languages. The company provides members with the ability to receive streaming content through a number of Internet-connected devices, including televisions, digital video players, set-top boxes and mobile devices.

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